CHAPTER 1 INTRODUCTION 1.1 INTRODUCTION Project management is the application of knowledge‚ skills‚ tools‚ and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. Project risk management includes the processes concerned with identifying‚ analyzing‚ and responding to project risk. It includes maximizing the results of positive events and minimizing the consequences of adverse events. Generally‚ risk is a choice in an environment rather
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PREDICITIVE MODEL FOR PROJECT DURATION: A CASE OF BUILDING CONSTRUCTION PROJECTS IN TANZANIA 1.0 Introduction 1.1 Project Duration and Management Project duration and scheduling falls under Project Time Management‚ one of the four core knowledge areas of Project Management. Others are scope‚ cost and quality. Project management is the application of knowledge‚ skills‚ tools and techniques to project activities in order to meet project requirements (Project Management Body of Knowledge: PMBOK
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ABSTRACT Purpose To study the project planning process in agile project management (AGM) and traditional project Management (TPM) Approach The study begins by given a brief literature review (overview) on Agile Project Management (AGM) and Traditional Project Management (TPM)‚ a brief definition of them and their planning process used in actualizing project. The study now went as far too critically analyzing the AGM and TPM in respect to how there planning process is often carried out‚ with the
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Lowend tools:These tools provide basic project management features and generally cost less than $200 per user. Smartphone and tablet apps are available for much less‚ but they often have limited functionality. Lowend tools are often recommended for small projects and single users. Most of these tools allow users to create Gantt charts‚ which cannot be done easily using current productivity software. Midrange tools: A step up from lowend tools‚ midrange tools are designed to handle larger projects‚ multiple users
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day to have projects within the organization. The organization develop project to achieve a specific goal(s) which is/are related to the strategy of the organization. PMBoK 2008 state that project is a temporary endeavor undertaken to create a unique product or service. Organization uses project as a pilot system‚ others use projects to solve problems. The project life cycle consist of four steps: Conceptualization‚ Planning‚ Execution and Termination. Each and everything need management to function
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The Project Management Process Groups The Project Management Process is the application of knowledge‚ skills‚ tools‚ and techniques to project activities to meet project requirements. It is a set of interrelated action and activities performed to achieve a pre-specified product‚ result‚ or service. The Project Management Process is grouped into five categories which are: The Initiating Process Group involves the processes‚ activities‚ and skills needed to effectively define the beginning
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1. Problems Identified 1.1 Structural Strategy 1. No proper project structure - this made the execution and management of the project very ineffective. 2. Project over budget – The project estimated cost overrun of atleast 20% 3. Poor leadership/no leadership commitment - the customer requested the Divisional GM and his team to present the status of the project. However the DGM instructed Reichart to go with any other 3 or 4 functional managers 4. No Balanced Scorecard with critical success factors
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cons of Project Management Approach A project is a temporary endeavor‚ having a defined beginning and end (usually constrained by date‚ but can be by funding or deliverables)‚ undertaken to meet unique goals and objectives‚ usually to bring about beneficial change or added value. Project management is the discipline of planning‚ organizing‚ securing and managing resources to bring about the successful completion of specific project goals and objectives. Every business undertakes projects of some
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Proposed Project Portfolio Management Process Project management has grown beyond the confines of simplistic canned applications into a discipline that is in large part process‚ combined with common sense and inspiration. The process of Project and Portfolio Management (PPM) derives from the practices common to project management‚ as expressed in applications and tools developed to help project managers collaborate with project team’s cross-enterprise. Project and Portfolio Management solutions
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Unit 17 Project Management for Construction and the Built Environment Assignment title The 1. 2. 3. 4. 5. Project Management for Construction and the Built Environment purpose of this assignment is to: Understand the practice of project management Understand the competencies and training required of project managers Understand the duties and responsibilities of project managers Understand how client objectives can be achieved through project management Understand how project management adds
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